The Minister of Labor, Solidarity and Social Security said today that the most recent figures show that there are currently more than five million active workers paying into Social Security.
Ana Mendes Godinho was speaking at a hearing in the Budget and Finance and Labor, Social Security and Inclusion committees, as part of the general appraisal of the proposed State Budget for 2024 (OE2024).
She pointed out that the evolution of employment “has been very dynamic”, adding that the latest figures, from January to August, show that more than five million workers are participating in and paying into Social Security”.
The number of foreign workers paying into Social Security reached a “record number” of 720,000 by August, said the minister.
Mendes Godinho pointed out that the unemployment rate is “historically low”, at 6.7%, noting that for next year the government expects it to remain stable.
The dynamism of the labor market is reflected in the revenue from contributions, and the government expects to reach the end of the year with revenue of 24 billion euros from contributions, an increase of 13% on the previous year.
The SB2024 proposal will be debated in general in parliament on October 30 and 31, with the final overall vote scheduled for November 29.